Southern California Academic Year 2010-2011 About the CFA Institute - - PowerPoint PPT Presentation

Global Investment Research Challenge in Southern California

Academic Year 2010-2011

About the CFA Institute

CFA Institute (CFAI) is the global, not-for-profit association of investment professionals that awards the CFA and CIPM

• designations. Serving over 100,000 members worldwide,

CFAI promotes the highest ethical standards and offers a range of educational opportunities online and around the world. With its member societies, CFAI offers a range of educational programs and services for its members, program candidates, investors, employers, institutions, and the press.

CFALA, CFAOC and the GIRC Partnership

CFA Society of Los Angeles (CFALA)- Established in 1931, the CFA Society of Los

Angeles is a network of investment management professionals in the greater Los Angeles area serving nearly 2,000 members. The mission of the Society is to provide access to information, expertise and personal interaction to further members' professional development and to promote the value of the profession and the CFA designation. www.cfala.org

CFA Society of Orange County (CFAOC)- Established in 1983, the CFA Society of

Orange County is the premier association for financial analysts and investment professionals in Orange County serving over 400 members. The mission of the society is to provide a forum for investment professionals to build strong and valuable networks, expand industry knowledge, and promote the highest standards of ethical and professional conduct. www.cfaoc.org

GIRC Partnership- CFA Institute member societies of Los Angeles and Orange County have

partnered to present the Global Investment Research Challenge in Southern California, offering the winning team the opportunity to represent Southern California in the Americas regional Global Investment Research Challenge scheduled for April 7, 2011 in Omaha, NE.

Global Investment Research Challenge

Purpose: Teach best and ethical practices in equity research through a real-world experience to the next generation of investment professionals.

• Analysis of a Public Company
• Teams research a publicly traded company. Company management presents to the

teams and participates in a Q&A session.

• Mentoring by a Professional Research Analyst
• Each team works with a CFA charterholder who mentors the team during the research

process and reviews and critiques its report.

• Writing a Research Report
• Each team produces an Initiation of Coverage report on its chosen company. The report

is reviewed and scored by a group of judges.

• Presentation of Research to a High-Profile Panel of Experts
• Teams present their research to a panel of experts from top financial institutions. The

team with the highest combined report and presentation score is the winner

• Advancement to the CFA Institute Global Challenge
• The winners of local competitions advance to compete against teams within their

geographic region, culminating in a global finale competition.

Challenge Components: The Global Investment Research Challenge is composed of university teams of three to five students who are mentored by industry professionals in writing an equity research report on a publicly traded company.

Global IRC Network

2010

Americas + New York:

• 30 Challenges
• 200 Universities

Asia Pacific:

• 16 Challenges
• 140 Universities

EMEA:

• 14 Challenges
• 90 Universities

2011 (projected)

Americas + New York:

• 45 Challenges
• 250 Universities

Asia Pacific:

• 16 Challenges
• 140 Universities

EMEA:

• 20 Challenges
• 100 Universities

Global IRC in Southern California- Participants

• 1. Meixi Chen
• 2. Ada Del Rosso
• 3. Amir Ganaba
• 4. Richard Graham
• 5. Alyson Laux
• 1. Emma Ji
• 2. Jared Oren
• 3. Robert Arvizu
• 4. Kaustubh Kulkarni
• 5. Kshitij Agrawal
• 1. Tiffany Ketterer
• 2. Giang Tran
• 3. Mirjam Weber
• 4. Peter Gunther
• 5. Jacky Lee
• 1. Austin Hall
• 2. James Stamatelos
• 3. Jesse Sotelo
• 4. Neil Mandalia
• 5. Michael Hill
• 1. Jeff Grampp
• 2. Al Lopez
• 3. Sherilyn Bogatz
• 4. Mason Waite
• 5. Dan Chudleigh

2011 Tournament Diagram

Global IRC in Southern California Winner 16 Teams

Asia Pacific Regional

14 Teams

EMEA Regional

29 Teams

Americas Regional

16 Teams

New York Regional

Global IRC Finals

2011 Timeline

Southern California Final 25 February 2011, Orange County, CA Americas Regional Final 7 April 2011, Omaha, NE 5th Annual Global Challenge Finals 8 April 2011, Omaha, NE

2011 Research Target

Western Digital Corporation

(NYSE: WDC) 20511 Lake Forest Drive Lake Forest, CA 92630-7741

Questions

GIRC Committee Members

Deirdre Perez, CFA 310.902.8798 Todd Richey, CFA 714.330.4772 Dave Hutchison, CFA 949.553.0313 Jeff Shekell 773.934.4511 Scott Thomson 949.355.4605

Contact: admin@cfaoc.org